11-04-2013 JDA - Laserfiche WebLink

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Joint Development Authority TCAAP Redevelopment Project The Port Authority contracted with the Boston-based Initiative for a Competitive Inner City in order to better understand the relatively high value of industrial businesses to Saint Paul’s tax base, the relatively low cost of providing municipal services to these businesses, and the wage and benefit levels of the business employees. The Port Authority also wanted to understand the types of businesses that populate business parks today and the likely mix for the future. Finally, the Port Authority wanted to verify that modern business parks represent development that is physically compatible with adjacent residential, retail and institutional development. Key points in the presentation will include: • The benefits of a broad range of business development to a City’s economic vitality; • The benefits of quality job creation to the community and its residents; • How business development can be compatible with other land uses; • How an engagement process associated with public sector managed redevelopment projects serves to create economic development goals and criteria; and • How the economic development goals and criteria created in the engagement process assures positive development outcomes. Industry Clusters and Projected Job Growth Saint Paul Chamber of Commerce, Matt Kramer and Jonathan Weinhagen The Chamber has completed a brief analysis of industry clusters and job concentrations in the Arden Hills area. Chamber representatives will present the results of that research combined with Minnesota Department of Employment and Economic Development (DEED) analysis of where significant job growth is expected to occur and the wages and job requirements inherent in those projections. This analysis is meant to suggest where opportunities for development might be best leveraged in terms of employer outlook in the Northeast Metro and the Twin Cities overall.